|
Today's Terms
Gap Insurance
Definition:
Insurance that pays the difference between the actual cash value of a vehicle and the amount still to be paid on the loan. Some gap policies may also cover the amount of the deductible.
Exclusion
Definition:
A contractual provision in an insurance policy that denies coverage for certain perils, persons, property, or locations.
Broker
Definition:
A person who for payment of a fee procures insurance on your behalf.
More Terms >
|